INTERNATIONAL SALE  CONTRACT - Contract Template and Sample
 

INTERNATIONAL SALE CONTRACT - Contract Template and Sample

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This model of International Sale Contract is used by companies positioned in different countries for the sale and purchase of goods. The exporter (Seller) is responsible for delivering the stated ...

This model of International Sale Contract is used by companies positioned in different countries for the sale and purchase of goods. The exporter (Seller) is responsible for delivering the stated products, and the importer (Buyer) shall acquire them under the agreed conditions of payment, delivery and transaction schedule.

This contract is intended to be used for the sale of products from business to business, not to end clients, and where each operation represents a sale in itself, that it is to say, it is not a long term agreement for the supply of products. It that were the case, it is preferable to use the model of International Supply Contract.

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INTERNATIONAL SALE  CONTRACT - Contract Template and Sample INTERNATIONAL SALE CONTRACT - Contract Template and Sample Presentation Transcript

  • INTERNATIONAL SALE CONTRACT 1. Definition 2. Parties to the Contract 3. Main clauses 3.1 Price 3.2 Delivery conditions 3.3 Means of payment 3.4 Delivery period 3.5 Ownership 4. Law applicable 5. Model Contract www.globalnegotiator.com
  • This model of International Sale Contract is used by companies positioned in different countries for the sale and purchase of goods. The exporter (Seller) is responsible for delivering the stated products, and the importer (Buyer) shall acquire them under the agreed conditions of payment, delivery and transaction schedule. This contract is intended to be used for the sale of products from business to business, not to end clients, and where each operation represents a sale in itself, that it is to say, it is not a long term agreement for the supply of products. It that were the case, it is preferable to use the model of International Supply Contract. 1. DEFINITION www.globalnegotiator.com
  • Usually both the Seller and the Buyer are companies. For each party, the following has to be included: • Name of company, full address and nationality. • Company type: public limited company, limited liability company, etc. • Name and position of company representative who signs the agreement. • Tax ID number of both parties. 2. PARTIES TO THE CONTRACT www.globalnegotiator.com
  • Some of the most important clauses in the International Sale Contract are as follows: • Price • Delivery conditions • Means of payment • Delivery period • Ownership 3. MAIN CLAUSES See sample International Sale Contract www.globalnegotiator.com
  • “The total price of the Products which the Buyer undertakes to pay the Seller shall be .................... [write in numbers and letters].” “Both Parties undertake to renegotiate the agreed price when affected by significant changes in the international market, or by political, economic or social situations in the country of dispatch or destination of the Product, which may damage the interests of either party.” 3.1 PRICE CLAUSE www.globalnegotiator.com
  • “The Seller shall deliver the Products to ................... [mention the place: warehouse, port, airport, etc.], ..................... [city and country], under conditions .............. [mention Incoterm]. “The goods shall be delivered at the agreed place, and to the transport agent designated by the Buyer, at least twenty-four hours before the deadline established in the present Contract.” “Should the Buyer fail to take charge of the goods on arrival, the Seller shall be entitled to demand the fulfillment of the Contract and payment of the agreed price.” 3.2 DELIVERY CONDITIONS CLAUSE www.globalnegotiator.com
  • “The Buyer undertakes to pay the total price which appears in the present Contract. Payment of said price shall be effected by..... Alternative A: cash, check or bank transfer to the account and bank branch designated by the Seller.” Alternative B: bill of exchange or direct debit to the account and bank branch designated by the Buyer.” Alternative C: irrevocable and guaranteed letter of credit payable to the account and bank branch designated by the Seller.” 3.3 MEANS OF PAYMENT CLAUSE www.globalnegotiator.com
  • “The Seller undertakes to deliver the goods within ..... calendar days of receipt of the confirmation in writing of the order in question, once all payment conditions established in the present Contract have been fulfilled.” “The established delivery period may be modified by either party in case of Force Majeure or unforeseen circumstances which prevent its fulfillment.” 3.4 DELIVERY PERIOD CLAUSE www.globalnegotiator.com
  • “It is understood that the Products hereunder remain the property of the Seller, until the Buyer has completed payment completely. Until such point the Products shall be deemed to be a deposit in possession of the Buyer, and the Buyer shall meet all obligations incurred by receiving such deposit, while being entitled to administer the Products with due diligence.” 3.5 OWNERSHIP CLAUSE www.globalnegotiator.com
  • The following standards of International Law are applied to the International Sale Contract: • United Nations Convention on Contracts for the International Sale of Goods (Vienna Convention). • UNIDROIT Principles of International Commercial Contracts. • Uniform Law for the International Sale of Goods. 4. LAW APPLICABLE www.globalnegotiator.com
  • In order to obtain the model contract in Word format and the user guide, click on: International Sale Contract 5. MODEL CONTRACT www.globalnegotiator.com